researchandmarkets."

About Metromedia International Group

Through its wholly owned subsidiaries, the Company owns interests
in communications businesses in Russia and the Republic of Georgia.

Please visit our website at www.

latvia 200

Country profiles also feature an overview of supply and
demand, an examination of key governmental, legal and political
influences on the sector and an analysis of wholesale trading and the
pipeline, LNG and storage infrastructure, now and in the future.----

Which Will Expand PeterStar's Coverage

Metromedia International Group, Inc. The land
boarders of Poland and Lithuania and the Baltic Sea separate the
Kaliningrad region from the rest or Russia.
Since the first quarter of 2003, the Company has focused its principal
attentions on the continued development of its core telephony
businesses, and has substantially completed a program of gradual
divestiture of its non-core cable television and radio broadcast
businesses .

This category contains resources related to Belarus.

europe belarus

PeterStar has already received
Russian regulatory approvals in respect of the transaction.

A landlocked republic of Eastern Europe, Belarus borders Latvia on the north, Russia on the north and east, Ukraine
on the south, Poland on the west, and Lithuania on the northwest.

northwest languages

Various other factors beyond
the Company's control could cause or contribute to such risks and
uncertainties. The
Company is not under, and expressly disclaims any, obligation to
update the information in this news release for any future events,
including changes in its cash balances or other events affecting
liquidity.

landlocked republic

MIG Announces That Its Russian Subsidiary PeterStar Has Entered into a Share Purchase Agreement to Acquire a Kaliningrad Regional Telephony Operator

landlocked 200

Business Editors/High-Tech Editors

CHARLOTTE, N.

categories borders

The Company's core telephony businesses include PeterStar,
the leading competitive local exchange carrier in St.

russia 200

TZP services approximately 1,300
corporate and residential customers, concentrating mainly on voice
telephony in the City of Kaliningrad (population of 400,000) in a
region of approximately 1 million people, and employs about 30 people. Several customers of
our recently acquired Murmansk regional telephone operation , ADM -
Murmansk, also have significant shipping operations in the Kaliningrad
seaport."
Mr .

Area: 207,600 square km (80,200 square miles).

latvia subcategories

Research and Markets
(http://www.

80 miles

Petersburg ,
Russia, and Magticom, the leading mobile telephony operator in the
Republic of Georgia.

km ukraine

207 miles

oblasts submitted

The
consideration for the transaction is not significant and will be
directly financed by PeterStar.

square 80

researchandmarkets . (the "Company" or "MIG")
currently traded as: (OTCBB: MTRM) - Common Stock and (PINK SHEETS:
MTRMP ) - Preferred Stock, the owner of interests in various
communications and media businesses in Russia and the Republic of
Georgia, today announced that its Russian telephony subsidiary,
PeterStar , has entered into a binding share purchase agreement to
acquire 100% of the outstanding shares of Telecom Zapadnoye
Parokhodstvo ("TZP"), an alternative telephone operator in the
Kaliningrad region of Northwest Russia.
The Kaliningrad region is one of the most attractive regional
markets in Northwest Russia in terms of its economic development and
infrastructure, and is Russia's smallest region in an enclave that is
located 200 miles away from the border of Russia proper.

All sites in this category and its subcategories are in English.

republic borders

C.

russia northwest

metromedia-group.

categories submitted

Research And Markets: Investigate These Country Profiles Of Supply Demand Regulation And Infrastructure For The Eastern Europe Gas Industry

2 million. Due to its strategic
geographical position and ice-free seaport, the Kaliningrad region
attracts large volumes of tourists and businesses.
In making this announcement, Victor Koresh , General Director of
PeterStar and MIG's Vice President of Russian Operations, commented:
"The acquisition of TZP is a demonstration of our continued commitment
to develop PeterStar as a fixed -line provider of choice for corporate
customers having presence in Northwest Russia.

subcategories europe

com/reports/c12837 ) has announced the
addition of The Eastern European Gas Market Outlook: Country Profiles
of Supply , Demand, Regulation and Infrastructure to their offering

The contents of this report are as follows:

European regional overview 8

Regulatory climate 8

Market development 10

European regional overview 8

Regulatory climate 8

Market development 10

Chapter 2 Czech Republic 12

Chapter 3 Estonia 20

Chapter 4 Hungary 26

Chapter 5 Latvia 34

Chapter 6 Lithuania 40

Chapter 7 Poland 46

Chapter 8 Slovakia 54

Chapter 9 Slovenia 62

List of Figures

List of Tables

For more information visit
http://www.

categories 207

In addition , TZP's technical platform combined with our
expertise will allow us to actively develop data and Internet services
and gain a bigger market share in this attractive market.

appropriate languages

Energy Editors

DUBLIN, Ireland----Europe's gas
markets are rapidly changing and opening up to liberalization and new
market entrants; this report provides an in-depth analysis of 8 highly
dynamic Eastern European gas markets, with detailed data on supply and
demand balances and coverage of the implementation of the EU Gas
Directive.com/reports/c12837

com

appropriate submitted

Furthermore, PeterStar's capital expenditure program for 2005
is anticipated to be approximately $15 million, which will be
principally used for the further development of its enterprise-wide
network infrastructure.

80 appropriate

This also includes such factors as are described from
time to time in the SEC reports filed by the Company, including the
Current Annual Report on Form 10-K for the year ended December 31,
2003, the Company's Form 10-Q for the fiscal quarters ended March 31,
2004, June 30, 2004 and September 30, 2004 and its most recently filed
Form 8-K reports (dated April 5, 2004, April 26, 2004, May 7, 2004,
May 18, 2004 , June 25, 2004, July 9, 2004, July 14, 2004, July 26,
2004, August 4, 2004, October 19, 2004, November 4, 2004, November 16,
2004, November 22, 200, December 9, 2004 and January 6, 2005).

Sites in languages other than English should be submitted to appropriate categories of the World.

latvia 207

Through its telephony network, utilizing fiber-optic links and
copper cable network of approximately 60 km and using a numbering
capacity of over 4,000 numbers, TZP is the third largest alternative
telephone operator in the city of Kaliningrad and possesses the
licenses for local and inter-zone telephony , data and Internet,
project and construction works. In 2003
PeterStar launched its branch in Moscow , Russia and during 2004, with
the help of certain acquisitions or 'green-field' project development ,
PeterStar established presence in the following regional markets
within Russia: Pskov, Veliky Novgorod, Petrozavodsk, Murmansk and
Vyborg.
This news release contains certain forward-looking statements that
involve risks and uncertainties, including in particular those
regarding the likelihood that any strategic transaction will take
place or the value that might be realized by MIG's stakeholders upon
the consummation of any such transaction.

subcategories ukraine

Koresh further commented: "Kaliningrad is the seventh region
outside St Petersburg where PeterStar started its operations.

80 appropriate

In 2004, TZP had revenues of approximately $0.

207 oblasts

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- - kjjkjk

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